Which of the Following Is an Example of a Fixed

question 42

Multiple Choice

Which of the following is an example of a fixed cost?

• A)power cost in the machining department
• B)wood in the manufacture of furniture
• C)labour cost paid on a piece basis
• D)lease payments on machinery

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Definitions:

Remuneration

Remuneration is the compensation or payment an individual receives for their labor or services, including wages, salaries, and bonuses.

Flexible Working Hours

A work arrangement that allows employees to choose their working times within pre-defined limits.

HRM Process

The continuous cycle of activities related to managing an organization's workforce, including recruitment, selection, training, evaluation, and compensation.

Organisational Mission

A statement or declaration that summarizes an organization's core purpose, goals, and values, guiding its strategies and decisions.